The assesse has rented out a property for 3 months during the year getting a rent of Rs.120 (for 3 months). However he starts off renovation after 3 months and the property is not let out for the rest of the 9 months. But the municipal tax paid for the building for the year is Rs.200/-. Can the whole of Rs.200/- be reduced from the Gross Annual value i.e. Rent recd Rs.120/- and hence claim loss from house property of Rs.80/-
Menu
Municipal tax deduction when property rented out partially
Replies (1)
Deduction allowed for municipal taxes shall be Rs. 200/- since the let-out property was vacant for part of the year. Don’t get confused with partly let and partly self occupied property.
Recent Topics :
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
Related Topics :
CAclubindia
